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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (50984)	11/20/2018 5:45:29 AM
From: Goose94	Read Replies (1) of 202374

Crescent Point Energy (CPG-T) top pick from Josef Schachter on BNN.ca Market Call Monday Nov 19th @ 1200ET The stock has been murdered in the recent oil price decline and now trades at nearly $5 per share. Production in Q3/18 was 174,275 barrels of oil equivalent per day (90 per cent oil). The new management team is planning on selling assets to pay down $1 billion of debt (now $4.06 billion against equity of $8.9 billion or book value of $16.18 per share. We see them having U.S. assets that are very saleable to meet this target. The long-standing dividend of $0.36 per share (3 cents per month) is secure. Crescent Point yields over 7 per cent at the current stock price.

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